Potential Long on GBP/JPY

OANDA:GBPJPY   British Pound / Japanese Yen
The analysis published is of the GBPJPY pair. The potential opportunity I am presenting is a long position. Why ?
The thoughts behind this are the potential formation of a inverted head and shoulders pattern. The trade was entered on
the right shoulder that was in the 0.5 and 0.618 fib range, where it has since pushed upside. I entered the trade at 130.800 and is
currently 50 pips up. The use of basic chart patterns and Fibonacci retracements has produced a profitable trade.
Thanks for reading, hope this helps in anyway.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out